Budget Outlook
Surplus Short-Lived as Deficit Looms: The February 2012 Economic Forecast, March 2012
Minnesota has a $323 million surplus for the current budget cycle, the FY 2012-13 biennium. These funds will be used to refill the state's budget reserve and start to reverse the school funding shift. However, Minnesota faces a $1.1 billion shortfall in the FY 2014-15 budget cycle, which policymakers will need to address when they return to session in 2013.
Surplus Now, Deficit Later: A Look at the November 2011 Economic Forecast, December 2011
Minnesota has an $876 million surplus, but is facing a $1.3 billion deficit in the next budget cycle. How policymakers address these challenges will have a major effect on the state's economic future.
Minnesota’s Forecast Improves, but Deficits Continue: A Look at the February 2011 Forecast, March 2011
Minnesota's financial picture has improved slightly since November, with the state's budget deficit falling from $6.2 billion to $5.0 billion for FY 2012-13. The state's economy, however, continues to improve at a slow pace and unemployment levels aren't expected to improve until 2014.
More Budget Outlook Analysis
- Minnesota Faces Slow Recovery and a Big Deficit: A Look at the November 2010 Forecast, January 2011
- February 2010 Economic Forecast: Slightly Better Now, Slightly Worse Later, March 2010
- November 2009 Forecast: Continued Economic Woes Bring More Big Deficits, January 2010
- Revenue Shortfalls in February 2008 Forecast Mean Minnesota Faces Long-Term Budget Deficits, April 2008
- The November 2007 Forecast: Stormy Weather Ahead, December 2007
- The February 2007 Forecast: Little Change in Near Term, Stormier Outlook for the Future, March 2007
- Minnesota’s Budget Surpluses May Be Short-Lived, April 2006
- State Budget Deficits Continue Through 2007: A Response to the February 2004 Forecast, March 2004
- February 2003 Forecast Summary, April 2003
- November 2002 Forecast Summary, January 2003
- February 2002 Forecast Summary: The Deficit Worsens, March 2002
- November 2001 Forecast Summary: Minnesota Faces Deficit, January 2002
- February 2001 Forecast Summary, March 2001
- November 2000 Forecast Summary, December 2000
- February 2000 Forecast Summary, March 2000
- November 1999 Forecast Summary: Or, Where Did All This Money Come From?, Updated December 1999
